Anti-Bitcoin worried about his country – Each media release of Peter Schiff inevitably gives rise to a cascade of reactions on social networks and in the specialized media. Historical Opponent to Bitcoin and great admirer ofphysical goldthe American economist said this time all the bad things he thought about the policy of the central bank of his country which will, according to him, precipitate the fall of the banking system of the world’s leading power. Accustomed to flashes and punch linesPeter Schiff seems more than pessimistic on the months to come and warns his community. Back to a tweet that caused a reaction.
Bitcoin’s arch-nemesis very pessimistic about the future of his country’s economy
Peter Schiff is a regular at crypto newspapers who love handing him a microphone to hear him criticize their Bitcoin Dear ! Never stingy with a good sentence, he is a good client of the American economic media, which regularly asks him for his opinion on the situation in the country. The economist is a supporter of a return togold standard of his country and a drastic reduction in public spending for get out of debt the state. However, in recent years, it is exactly the opposite that the Federal Reserve. Hence this crusade to try to convince the general public of the danger of this policy.
Social networks, podcasts, media interventions, the gentleman never loses an opportunity to repeat his economic truths and his immoderate love for physical gold. In a message posted at the end of last week, he once again denounced theabsurdity of the American situation in the following terms:
“Bank of America only pays 0.05% interest on savings accounts and nothing on checking accounts. However, the federal funds rate is 5.25% and the actual inflation rate is much higher. The Fed destroyed the American banking system. It is insolvent and would collapse without government support. »
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Whether we agree or not with all of his statements, we must recognize that he is not the only one to worry about the situation in the country of Uncle Sam. Between the stratospheric amount of american debt and the regular debate around the increase in the ceiling of the lattereven the most measured economists half-heartedly admit that in the long term, the situation is explosive. The elections coming up next year will surely give rise to a battle between the power in place and the supporters of a orthodoxy stricter finance.
And the height of horror for this liberal American, his country might even look like the France ! Indeed, a few hours earlier, Peter Schiff posted a message about the French government’s attempt to set up a price control on basic necessities in an attempt to fight inflation. For him, all this will be in vain and will not work! Neither in France nor in the United States, where the Biden administration could be tempted to test this type of mechanism before theelection to curry favor with low wages strangled by rising consumer prices.
At each news financial crisis and after each new inappropriate decision of the FED, Peter Schiff repeats what he has always said: less debt, less government and a return to the gold standard to restore value to the greenback. He even made this position a Commercial property by creating an investment fund for individuals, by delivering financial advice and by publishing a few books on the subject. As for Bitcoinhe always refuses to say good things about it and even promises hell to those who invest money in it!
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